Gas Pipeline Uniform Accounting Regulations

44 (1) Where land is retired or sold, account 100 (Gas Plant in Service), account 101 (Gas Plant Leased to Others), account 102 (Gas Plant Held for Future Use) or account 110 (Other Plant) shall be credited with the book cost of the land.

(2) Where the gain or loss from the sale or retirement of land is material, the company shall inform the Board and shall transfer the amount of the gain or loss to account 331 (Extraordinary Income) or account 341 (Extraordinary Income Deductions), as applicable.

(3) Where the gain or loss from the sale or retirement of land is not material, the company shall transfer the amount of the gain or loss to account 319 (Other Income) or to account 329 (Other Income Deductions), as applicable.